Regions Financial Corporation

Commercial Lending

GENERAL INFO

Headquarters: Birmingham, AL
2000 offices
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THE BUZZ…

"Small"
"Strong regional player"

NEWS AND UPDATES

Vault's Scoop

Uppers

"Excellent" training

"Very diverse"

Downers

Pay could be better

"Advancement often requires relocation"

ABOUT THIS COMPANY:

Big loss but still afloat

Regions reported a $6.22 billion loss for the fourth quarter 2008, a huge dive compared with the $70.6 million in profit the bank booked for the fourth quarter 2007. The loss was largely due to several write-downs the firm took during the year, including a $6 billion one after the value of its banking and Treasury units dipped below market value. Despite the big loss, the firm said it is fairly financially sound due to the $3.5 billion it received through the U.S. Treasury's Troubled Asset Relief Program.

From the Community

REVIEWS

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SALARIES

Regions Financial Corporation salary & compensation reviews include all signing and year-end bonuses, vacation time and other perks and reimbursements that make up total compensation.

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SURVEY SAYS

"Pleasant and comfortable"

Working conditions at Regions are, "for the most part, pleasant and comfortable." Insiders say the bank is "different from other financial services companies, because our associates actually enjoy what they do." But others complain that the growth experienced by the company in the last five years has caused some to feel "as if the employees are just numbers." Managers at the firm, according to one source, "want and demand more sales and revenue, and if you can't cut it you're gone." The mentality, says one insider, is "what you can do for the company," as opposed to the old way of "what the company can do for you." But others note that "opinions are valued and sought by lenders and management," and "most managers are good."

DISCUSSIONS

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Getting Hired

Tips from the inside

Culling from everywhere

Although Regions Financial tends to recruit in "Southern states and some of the Midwest," the firm, as its name suggests, is very much a regional player. The Birmingham, Ala.-based firm does not participate in nationwide recruiting. It is not overly selective, but still pulls from a "small market with a small pool of qualified individuals." The bank offers careers in five main areas: retail, lending, credit, trust and audit. Interested candidates can check out current job openings at the firm's career web site (www.regions.com/Careers/index.shtml), where they can also apply online. Like many financial institutions, Regions requires a drug test, criminal background check, and verification of education and past employment before giving out a final hiring approval. In some cases, a pre-employment credit check is required.
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